Micmacs of Gesgapegiag

Financial data for Micmacs of Gesgapegiag for fiscal year 2018-19. Micmacs of Gesgapegiag is a First Nation in Quebec with a registered population of 1,684 and an on-reserve population of 733. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2018-19

Visual breakdown of Micmacs of Gesgapegiag's revenue sources and how funds were spent during fiscal year 2018-19.

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Financial Summary FY 2018-19

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$1.01M surplus
Balance for FY 2018-19
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$29.91M
Total revenue in FY 2018-19
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$28.90M
Total expenses in FY 2018-19

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2018-19.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$7.79M
As of fiscal year end 2018-19
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$17.41M
As of fiscal year end 2018-19
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$9.62M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$4.86M
As of fiscal year end 2018-19
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$4.77M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2018-19.

PositionNameMonthsSalariesHonorariaOther remunerationTotalTravel expenses
CouncillorAnthony Jerome12$21,486$10,200$100$31,786$2,596
ChiefRoderick Larocque Jr12$73,880$0$0$73,880$7,793
CouncillorJeremy Jerome12$37,240$10,200$990$48,430$0
CouncillorPatricia Jerome12$37,241$10,200$1,188$48,629$5,483
CouncillorArmand Martin12$8,414$10,200$1,803$20,417$2,970
CouncillorDouglas Martin12$22,315$10,200$0$32,515$417
CouncillorRonnie Condo12$52,914$10,200$625$63,739$0
CouncillorJohn Martin12$13,882$10,200$0$24,082$323
CouncillorLuc Martin12$20,697$10,200$7,448$38,345$596
Total$288,069$81,600$12,154$381,823$20,178

This schedule has been audited. Prepared by: Raymond Chabot Grant Thornton LLP

Sources

Financial data is sourced from annual reports published under the First Nations Financial Transparency Act (FNFTA). Data is extracted using automated processes and may contain errors. If you notice any issues, please contact us.